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Strategies & Market Trends : Value Investing

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To: David who wrote (16434)2/15/2003 6:56:46 PM
From: Paul Senior  Read Replies (2) of 78541
 
David: re: "I'm debating what to do about my remaining MAXS position if the stock drops more."

My concerns are about buying more vs. just holding what I have.

With MAXS now close to $1 from book value, no ltd, selling at ~2x cash, and decent earnings expected, and decent business prospects (niche brands in moderately priced women's shoes), I'm not considering selling.

P/e at 10 is not so great. Nor is ROE. And there's insider selling that continues. That's all a little off-putting for me when I consider ADDING to my position should the stock drop again to Oct. low.

Paul Senior
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